I’m looking for feedback on the binary option broker Finpari.com
Have you traded at Finpari already? Please leave your honest review and ratings below. They look promising. The website looks fresh and they look designed to do things somewhat different.
Feedback, ratings and reviews wanted. Good and bad as always.
Here is our review:
Are you looking for an innovative binary options broker that will allow you to take your trading to the next level? If so, you will want to check out a Scotland-based website called Finpari. This site is beautifully designed, and includes an abundance of fantastic features at every account tier.
Best of all, their doors are wide open even to traders in the
USA, Canada, and the EU. *No USA/CA in 2017.
- Official Website: www.finpari.com
- Headquarters: Aberdeen, Scotland
- Phone number: +1-646-8849563
- No USA traders (*since 11/28/2016) US traders are recommended to visit Binarymate instead.
- Trading platform: SpotOption
Is Finpari a Scam?
Finpari is not regulated by any financial authority, despite the seal on the bottom of the page. They operate according to local laws in the UK. But the fact that they are not regulated is not really a big deal, considering that most binary options brokers still are not regulated anyway. There are other markers of trust, and Finpari has them:
This company offers excellent customer service. This is a really big deal. I have run across brokers who are regulated and who completely fail in this regard. But this is a company that is easy to reach and easy to work with.
The website is well designed, offers simple navigation, and provides quick answers to your questions. You will have no difficulty locating information on the company and its services. By contrast, a lot of binary options websites are poorly built, have a lot of broken links, and are missing critical information.
Finpari also offers features which help traders to make the most of the website. A demo account along with training materials and advice on current market conditions encourages traders to invest responsibly, and not throw their money away.
Deposit Info – Minimum Finpari Deposit
- Get started with just $250
- Deposit methods: Credit or debit card, wire transfer, WebMoney, QIWI, Bitcoin, OKPAY, Perfect Money, Neteller, PayPal.
- Trade in USD, EUR, GBP, or RUB
- Minimum trades $1
Deposits are easy and fee-free on Finpari. Withdrawals are very fast, taking only one hour to process.
Unfortunately, there are some limitations and fees concerning withdrawals. You need to meet turnover requirements even if you did not accept a bonus when you signed up for your account. This is not really the industry norm, and is definitely one of Finpari’s few drawbacks. There is also a processing fee for every withdrawal.
Account options include:
- Bronze: $250 minimum deposit
- Silver: $1,000 minimum deposit
- Gold: $3,000 minimum deposit
Their excellent features at every tier; more on that in just a little bit.
Types of Options Available
On Finpari, you will be trading using SpotOption, which is the most popular and easy-to-use platform in the binary options universe. You can trade on your desktop, laptop, or mobile (Android or iOS) device. The lowest investment amount is $10, while the highest investment amount is $1,500. This is a flexible range which is ideal for traders with small and medium-sized accounts.
Types of trades include High/Low, Long Term, Sixty Seconds, One Touch, Pairs, and Ladder. This is a sizable selection, and offers plenty of variety for traders with different techniques and preferences.
- High/Low trades are the most basic type of binary options, where you simply pick a direction that you believe prices will go. If you are right when they trade expires, you win the payout. Long Term options are simply the same thing, but do not expire for weeks or months. Sixty Seconds trades are just the same over a one-minute expiry time.
- With One Touch trades, you state whether you believe price will touch a certain trigger value within the expiry time, and if you are right, you win the payout. Pairs trades let you profit off of the relative performance of two different assets. Ladder trades are incremental investments allowing you to claim partial profits—or stack them up for very high gains if price continues to move in your favor.
Trading and Training Features at Finpari:
Finpair offers plenty of resources to help traders learn. At the Bronze level, you qualify for a trading course including a video and an eBook. You also get access to a demo account where you may practice trading risk-free (a feature way too many binary options brokers lack!).
At the Silver level, you add on a web class master session and three risk-free trades. At the Gold level you get an individual account manager and a Swiss prepaid card for your convenience. Social trading is available if you wish to copy successful traders on the site. And if you want, you can actually pay for a fully managed account on Finpair where expert traders make investments on your behalf. This is not a feature I have seen in too many places!
What Can You Trade on Finpari?
ROLLS ROYCE (LONDON)
BAE SYSTEMS (LONDON)
REUTERS (US THOMSON REUTERS)
TATA MOTORS (INDIA)
HSBC HOLDINGS (LONDON)
COCA COLA (US)
BP (BRITISH PETROLEUM)
S&P 500 (US)
FTSE 100 (UK)
ISE 30 (ISTANBUL STOCK EXCHANGE)
RTS (RUSSIAN TRADING SYTEM)
MSM 30 (OMAN)
TADAWUL (SAUDI STOCK EXCHANGE)
DUBAI (DUBAI FINANCIAL MARKET GENERAL INDEX)
KUWAIT (KUWAIT GENERAL INDEX)
HANG SENG (HONG KONG)
SSE180 (SHANGHAI STOCK EXCHANGE)
TEL AVIV 25
MICEX 10 (MOSCOW INTERBANK EXCHANGE)
Final Thoughts on Finpari
Before recommending any binary options broker, I always take a moment to test customer service. When I opened live chat, I was answered promptly by a real human being who quickly and thoroughly responded to my questions. Between this excellent customer service, the beautiful site design, and the profusion of features and resources provided to traders at all account tiers, I was very impressed. The withdrawal fees and turnover requirements are a drawback, but otherwise there is not much to complain about. I highly recommend Finpari to traders everywhere, especially in the US!
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